The 'Devices and Printers' utility in the Control Panel of Windows 10 enables users to view and manage all peripheral devices and printers connected to the computer. This single access point allows users to add new printers or devices, check statuses, and troubleshoot issues. 'System' primarily provides information about the computer and its system settings, but does not directly manage peripheral devices. 'Hardware and Sound' is a broader category in the Control Panel that houses multiple utilities, including 'Devices and Printers'. 'Network and Sharing Center' is used for managing network connections and settings and is not related to peripheral devices and printers.